Browsing: New York Stock Exchange (NYSE)

There’s a fair probability that you’ve observed that certain companies have shares trading on different exchanges if you’ve looked up specific stocks or googled a company to check its share price.

Although it may seem unusual, this is a common occurrence. Shares of many companies will be listed on multiple exchanges. This is called dual listing.

The primary benefits of a dual listing include additional liquidity, increased access to capital, and the ability for shares to be traded for longer periods each day if the exchanges are in different time zones. A dual-listed stock also may gain greater market visibility, which in turn may result in additional media coverage and make its products or services more visible.

  • The New York Stock Exchange, part of Intercontinental Exchange, and the Johannesburg Stock Exchange (JSE) have signed a memorandum of understanding to collaborate on the dual listing of companies on both exchanges.
  • Listing

Is Jumia Stock Price the main reason as to why investors are losing out?

Well, Jumia Technologies, the German company that provides e-commerce services to about 12 African counties had its shares surge to more than 500% over the past 12 months, boosting its market cap to about $3.25 billion, or 15 times next year’s sales.

Jumia countries of operation

It is currently operating in Algeria, Cote d’Ivoire, Egypt, Ghana, Kenya, Morocco, Nigeria, Senegal, South Africa, Tunisia, and Uganda.

The rise of Jumia

Jumia impressed investors with its robust gross merchandise volume (GMV) and revenue growth in 2018.

In April 2019, the leading pan-African e-commerce platform officially announced its listing on the New York Stock Exchange.

Founded in 2012, Jumia leveraged technology to deliver innovative, convenient and affordable online services to consumers.

Jumia Growth

After announcing its listing on the New York Stock Exchange, Jumia did well, attracting investors.

However, …

The Coca-Cola Company has announced it will maintain its majority stake in Coca-Cola Beverages Africa (CCBA) for the foreseeable future.

With the change, Coca-Cola will begin presenting the financial statements of CCBA within its results from continuing operations in the second quarter of 2019 in accordance with U.S. accounting standards, the firm has confirmed.

CCBA has been accounted for as a discontinued operation since Coca-Cola became the controlling shareowner in October 2017.

Coca-Cola previously announced its intention to refranchise CCBA, which is the largest bottler of Coca-Cola beverages in Africa, serving 12 countries. The company has had discussions with a number of potential partners.

“Coca-Cola Beverages Africa is a very important part of the Coca-Cola system, and we see great opportunities to create even more value,” said Coca-Cola President and Chief Operating Officer Brian Smith.

“While we remain committed to the refranchising process, we believe it’s in the best interests …